Best-selling finance author Robert Kiyosaki is warning of an economic collapse as he makes his top investment picks to survive the financial crisis.
The Rich Dad Poor Dad author tells his 2.5 million followers on the social media platform X that he believes the Fed’s tightening will lead to a recession and more banks will fail.
He advises that the best store of values during an economic crash are gold, silver and Bitcoin (BTC), the flagship digital asset.
“BAIL OUT, BAIL OUT, BAIL OUT: in US Navy Flight School, student pilots learn how to fly and how to crash their plane. Financial losers will lose money because they do not know what to [do] with their money as banks fail and [the] world economy crashes.
For many years I have warned, ‘Buy gold, silver, Bitcoin.’ We are not going in for a soft landing. Unfortunately the world of fake money is crashing and gold, silver and Bitcoin are parachutes for your personal soft landing.”
The best-selling author previously said he was holding Bitcoin to protect himself against the downside of fiat currency as well as the actions of the Fed, the Treasury Department and Wall Street.
Bitcoin is trading for $45,287 at time of writing, a 1.53% increase during the last 24 hours.
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- Source: https://dailyhodl.com/2024/02/09/rich-dad-poor-dad-author-predicts-banking-collapse-and-global-economic-crash-says-hes-betting-on-bitcoin/
